Investing in Yourself

Investing in Yourself

While we often think about the rate of return we might get from investing in a mutual fund, it's less common to think of investing in yourself in the same way.

Rather than just setting money aside for your future, investing in yourself by increasing your ability to earn an income in the future can have a huge payoff. This could take the form of adding a certification or designation that can increase your earnings in your current field of work. Or maybe it's a bigger project like heading back to school to get a degree or finish one that you'd started in the past. Perhaps you might take time away from your usual work to partner with an established professional in your field to build expertise and contacts.

That said, it's important to be realistic about what sort of return you might see from investing in yourself in this way. Do research about the costs of your program of study. Will you have to take time off work or can you study part-time? Will you be able to self-fund your studies or will you have to take out a loan? What are the long-term earnings and employment prospects like in your planned field? How long will it take for your investment in yourself to pay off?

If you're planning on getting your PhD in basket weaving, it might take you a lot longer to earn enough to make a return on your investment. Here are some useful links to research job prospects:

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Jesse Martyn, CFP, has been helping Vancouver area clients with their finances since 2012. Through working with me, clients build a vision for a stable future while respecting their conscience. The planning I offer is imaginative, practical, and realistic while still being inspiring, ensuring that the way clients spend their money is honouring & protecting the things most important to them.

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The articles and information provided on this website are intended to raise issues and help you find solutions and should not be construed as advice for any specific situation or individual. Always consult your representative and your tax or legal professional, as applicable, before taking personal action. The particulars contained herein were obtained from sources that I believe are reliable, but are not guaranteed by us and may be incomplete. This website is not deemed to be used as a solicitation in a jurisdiction where this representative is not registered.

​CFP®, Certified Financial Planner® and the CFP logo are certification trademarks owned outside the U.S. by Financial Planning Standards Board Ltd. (FPSB). Financial Planning Standards Council is the marks licensing authority for the CFP marks in Canada, through agreement with FPSB. All other ® / ™ are trademarks of FPSC, unless indicated.

Copyright 2015-2018 Jesse Martyn & EthicalPlan

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